Studiefinanciering: What Do You Get?
Studiefinanciering - or study financing - is what you are able to apply for if you meet the criteria. But what exactly does study financing include? Here, we explain exactly what it is you're applying for.
What is included in Dutch studiefinanciering?
Student finance in the Netherlands consists of 3 parts:
There are two types of loans: the ‘Loan’ and the ‘Tuition fee loan’. You must pay back the loan. There are also two types of tuition fees – statutory fee and institutional fee. If you pay the statutory fee, the maximum loan for tuition fees is €165.33. However, if you pay the institutional fee, the maximum loan for tuition fees can be as high as €862.67 per month.
Normally, if you are an EU/EEA student, you pay the statutory fee. However, sometimes this might not be the case. For example, if you have already completed an HBO or university bachelor/master programme in the Netherlands or are planning on registering for two programmes/degrees at the same time – this may mean you have to pay the institutional fee.
Also, if you are an international student (i.e. not a resident of the EU or EEA) you must pay the institutional fee.
In conclusion, depending on what type of tuition fee you pay, you are eligible for different amounts of study financing as a loan.
Not every student can get this supplementary grant. It depends on your parent’s income, and from that your supplementary grant allowance is calculated. For the first 5 years of your education, it is a gift. Again, if you graduate within 10 years the rest is also converted into a gift. In 2016-2017, the supplementary grant was a max of €386.08 per month.
DUO has a calculator that you can use to see if you fall within range of the supplementary grant. Unfortunately, it is only in Dutch, but you can always copy and paste the questions into Google Translate.
Student travel product
One of the perks of study financing is that you are able to travel for free or with a discount with Dutch public transport. You have to choose whether you want this free travel on weekdays or weekends. In 2017, the student travel loan was €89.07 a month. If you graduate within 10 years (which is also the maximum amount for student loans) you do not have to pay the student travel product back. In other words, it is gifted to you.
However, you must cancel your student travel product yourself once your student finance has ended. It does not cancel automatically. If you do not cancel it in time, it will cost you money.
These three things make up Dutch student finance. What you apply for and what you get may be tailored to your personal situation.